Citizens S. v. Commr. of Internal Revenue

Full title: CITIZENS AND SOUTHERN CORP. AND SUBSIDIARIES, PETITIONERS-APPELLEES, v…

Court: United States Court of Appeals, Eleventh Circuit

Date published: Mar 22, 1990

919 F.2d 1492 (11th Cir. 1990)

Opinion

No. 89-8159.

March 22, 1990.

Gary R. Allen, Francis M. Allegra, Michael L. Paup, Charles Bricken, David English Carmack, Jonathan S. Cohen, Brian C. Griffin, Tax Div., Dept. of Justice, Washington, D.C., for respondent-appellant.

Sidney O. Smith, Jr., Philip C. Cook, Terence J. Greene, Timothy J. Peaden, Alston Bird, Atlanta, Ga., Martin D. Ginsburg, John F. Coverdale, Fried, Frank, Harris, Shriver Jacobson, Washington, D.C., for petitioners-appellees.

Joel V. Williamson, Thomas C. Durham, Roger J. Jones, Edward C. Rustigan, Mayer, Brown Platt, Chicago, Ill., for amicus curiae American Bankers Ass'n.

Appeal from a Decision of the United States Tax Court.

Before FAY, Circuit Judge, RONEY^_, Senior Circuit Judge and PITTMAN^__, Senior District Judge.

_ See Rule 34-2(b), Rules of the U.S. Court of Appeals for the Eleventh Circuit.

__ Honorable Virgil Pittman, Senior U.S. District Judge for the Southern District of Alabama, sitting by designation.

PER CURIAM:

The judgment is affirmed based upon the opinions of the Tax Court found at 91 T.C. 463 (1988) and T.C. Memo. 1988-318.